15 November 2012

Net Asset Value Premiums of Certain Precious Metal Trusts and Funds - Sprott Underperforms

The Sprott Funds are at historically very low premiums and, when compared to the Central Funds, look cheap.

As I recall the Central Funds are a tougher short. Still, as the chart at the bottom shows, PHYS and PSLV have underperformed the Spicer funds this year.